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Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
EconomyMacroeconomyincludes the payment of 630 million for one-off support to low-income pensioners. In addition, 2016... overperformance by 2.41 billion, including the one-off payment of 630 million (0.36 percent of GDP... to the 2017 budget, gg primary surplus (excluding the one-off payment of 0.36 percent of GDP) was expected
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Tsipras facing more media intervention claims after changes at newspaper
PoliticsGreek PoliticsMoulopoulos held editorial positions at To Vima, one of DOL’s newspapers, in the past, the timing... outlet, and one that was critical of the SYRIZA-Independent Greeks administration. Tsipras has accused... group. This may require an amendment to be passed in Parliament, which is one of the reasons
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No fear of the bear? Bilateral economic relations between Germany and Russia
Agorabillion euros. It is noteworthy that the trade balance with Russia is negative for Germany, one... money from one country to another, in violation of money laundering controls and in breach... the group's global footprint to a regional one. Investment banking turnover had fallen steeply
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Newsletter 104 - 27/01/2017
, 220 million below target and also including a one-off payment of 630 million to support low-income... for 8th straight quarter Overall, disposable income has tumbled by almost one third in the last seven... in the current taxes on income and wealth by 19 percent. Overall, disposable income has tumbled by almost one
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Newsletter 105 - 03/02/2017
a decision on whether and in what capacity the Fund should be involved in the Greek programme. One... to be the one that takes Greece out of the crisis. He also appeared to soften his tone with regards... month. Around one third of the overdue taxes from 2016 stemmed from four key taxes: VAT, personal
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Greek-Turkish rift puts strain on Cyprus reunification talks
PoliticsForeign Policy. But I do think that if all of us play our cards well, we might actually see Cyprus as one arena... on Cyprus. “We do not think it will be the last meeting, we think it is important to have at least one..., one day before his meeting with the Greek foreign minister, met with the ambassadors of the UK
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Tsipras's choices are becoming clearer but not any easier
Agorafrom a cut to spending on existing pensions. This is a tall order for the Greek coalition. Even if one... if the current one is cast aside. A programme-less Greece with close to 8 billion euros of debt and interest... the 3.6-billion-euro total, this could form one element of a compromise. The other aspect that needs
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Newsletter 107 - 17/02/2017
with the institutions and one that includes measures aimed at helping growth and the most vulnerable in Greek... 3.5 billion exclusively for arrears clearance. Around one third (1.03 billion) of total GG arrears... percent in November. The breakdown revealed one again the high fluctuation in building permits among
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Effort begins to secure SYRIZA support for deal with institutions
PoliticsGreek Politicsfrom being fiscally neutral, any final package should appear socially just and one that tackles... be one of the key areas of negotiation in the upcoming talks in Athens. At this stage, Manios’s comments cannot be interpreted as an outright rejection of the government’s efforts but he will be one
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Greece forced to revisit prickly subject of pension spending to conclude review
EconomyProgrammepension reform is expected to be one of the most prominent and sensitive issues that will be discussed. Pension reform was one of the key issues in the first programme review, which was concluded... or a reduction of almost 1.4 billion for 1.4 million pensioners, breaching one of the most prominent red
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